Mini Budget (9 Viewers)

[shmmeee]

Think there are better and easier ways to make a fortune in politics than by tanking your own country’s reputation in the bond markets tbh.

But why turn down the chance when it presents itself? He knew what the market reaction was, and this sort of info should go to no one outside of Parliament first for this exact reason. It’s insider trading plain and simple.

 

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[chiefdave]

Reading on Twitter that the shortening of the pound has made quite a few people rich. Something to do with a hedge fund that our friend Kwasi has something to do with , surely he wouldn’t be looking after his own interests and would have the interests of the country at heart??

According to the Sunday Times quite a lot of those people who have got rich had a meeting with the PM a few days before the budget. They wouldn't do something that blatant would they???

 

[SBT]

But why turn down the chance when it presents itself? He knew what the market reaction was, and this sort of info should go to no one outside of Parliament first for this exact reason. It’s insider trading plain and simple.

Did he? His own deputy was merrily tweeting away about the (very brief) rise in sterling after the initial announcement. The rules on politicians and their personal investments are a mess and need overhauling, but the idea that a politician is going to deliberately tank the entire economy to make millions for themselves is a bit too Bond villain-esque to be plausible.

 

[PVA]

 

[shmmeee]

Did he? His own deputy was merrily tweeting away about the (very brief) rise in sterling after the initial announcement. The rules on politicians and their personal investments are a mess and need overhauling, but the idea that a politician is going to deliberately tank the entire economy to make millions for themselves is a bit too Bond villain-esque to be plausible.

He’s the son of an economist with a PhD in economic history and ya know is the chancellor of the exchequer with access to the countries best economists. If he didn’t know what was going to happen when you announce massive unfunded spending he should’ve paid more attention to literally every quarter of his life.

We saw this with Brexit as well. It’s very clearly a money making scheme that they know will rank the pound. They’re just nuts enough to not think that’s a bad thing. I mean FFS after the market reaction he went out at the weekend to promise more to come and pushed us to an all time low.

 

[fernandopartridge]

Did he? His own deputy was merrily tweeting away about the (very brief) rise in sterling after the initial announcement. The rules on politicians and their personal investments are a mess and need overhauling, but the idea that a politician is going to deliberately tank the entire economy to make millions for themselves is a bit too Bond villain-esque to be plausible.

Are you taking his deputy's tweets in good faith? It was the usual gas lighting from this bunch of crooks.

 

[SBT]

Are you taking his deputy's tweets in good faith? It was the usual gas lighting from this bunch of crooks.

I’m taking them as a sign of someone who’s out of their depth and doesn’t really understand the possible fallout of what they’re doing.

Maybe @shmmeee is right and I should be dazzled by Kwarteng’s intellect as one of history’s great supervillains, but I think Hanlon’s Razor is more likely to apply here.

 

[skybluetony176]

I’m taking them as a sign of someone who’s out of their depth and doesn’t really understand the possible fallout of what they’re doing.

Maybe @shmmeee is right and I should be dazzled by Kwarteng’s intellect as one of history’s great supervillains, but I think Hanlon’s Razor is more likely to apply here.

I think it was quite deliberate. As were his comments on the media rounds yesterday to trigger another fall. Some Tory donors did very well out of this, including his ex boss, friend, personal mentor and sponsor. All he wants is to migrate money from the poor to the rich. If that isn’t obvious now it never will be.

 

[SBT]

I think it was quite deliberate. As were his comments on the media rounds yesterday to trigger another fall. Some Tory donors did very well out of this, including his ex boss, friend, personal mentor and sponsor. All he wants is to migrate money from the poor to the rich. If that isn’t obvious now it never will be.

Think you are giving Kwarteng an insane amount of credit here.

If ‘Tory donors making money by speculating on the economy’ is enough to convince you there’s a giant conspiracy afoot, then which politicians of the last 50 years haven’t been deliberately at it?

 

[hill83]

Think you are giving Kwarteng an insane amount of credit here.

If ‘Tory donors making money by speculating on the economy’ is enough to convince you there’s a giant conspiracy afoot, then which politicians of the last 50 years haven’t been deliberately at it?

Not saying they are correct, but do you think he's been sat at home on his own coming up with this in a locked room with his own crayons?

 

[skybluetony176]

Think you are giving Kwarteng an insane amount of credit here.

If ‘Tory donors making money by speculating on the economy’ is enough to convince you there’s a giant conspiracy afoot, then which politicians of the last 50 years haven’t been deliberately at it?

It’s not really a conspiracy when it’s happening right in front of your very eyes.

 

[Sky Blue Pete]

According to the Sunday Times quite a lot of those people who have got rich had a meeting with the PM a few days before the budget. They wouldn't do something that blatant would they???

Nothing would happen anyway even if it was as plain as day. No consequence for those in power

 

[SBT]

Not saying they are correct, but do you think he's been sat at home on his own coming up with this in a locked room with his own crayons?

He’s been working on it with a team of people who apparently have no idea how bond markets work, let alone how to get away with the financial heist of the century.

 

[SBT]

It’s not really a conspiracy when it’s happening right in front of your very eyes.

The system isn’t rigged because of the Machiavellian scheming of some Tory super-villain, it goes a lot deeper than that. What you’re suggesting is childish.

 

[skybluetony176]

The system isn’t rigged because of the Machiavellian scheming of some Tory super-villain, it goes a lot deeper than that. What you’re suggesting is childish.

Look at his employment history, look at who has financed his political career, look at who’s benefited from his policies. I’ll give you a clue. All the same people.

Just to add clips of the leadership contest are doing the rounds of Rishi Sunak saying this is what would happen if she did it, not only that her own economic forecasters in her team were saying this would happen. They’ve ignored their own economic forecasters. This can only be deliberate.